While some businesses have fortunately thrived or at least continued to operate to relatively normal levels throughout the coronavirus pandemic, for many others 2020 has been a shocker! There's no mincing words when it comes to that fact. Thanks to the Government stimulus measures, many operators have stayed in a good place while others are looking to make the most from the reviving economy as 2020 comes to a close with a sale event.
End of year sales are traditionally associated with the retail sector, in particular the infamous Boxing Day sales at major retailers. But these sales events extend well beyond retail or even consumer goods with some equipment manufacturers and dealers getting in on the action with an end of year clearance of stock. Clearance and discounts at any time of year are welcome but in the wake of a recession and a global pandemic, any savings on the purchase of business equipment will no doubt be welcomed.
Jade Equipment Finance is essentially always ‘on sale’ as our cheap equipment loans are always available. But when you purchase business equipment at a sale price with a cheap Jade finance deal – that’s double happiness right there.
If you’re thinking of taking advantage of end of year sales to upgrade equipment for your business then it’s wise to be prepared and that preparation starts asap by having your finance sorted beforehand.
Pre-Approved Equipment Finance
When purchasing equipment in normal times, you may take your time to consider the options in regard to equipment makes and models before arriving at a decision and then contacting Jade to arrange finance.
But sale time is different. There can be limited stock of some equipment makes and models, the sale may be for a limited time and the seller may not ‘hold’ items while buyers wandered off to arrange finance. They’re holding a sale to move stock and move stock quickly. Buyers need to share the sentiment and be ready to move quickly themselves.
For that purpose, Jade Equipment Finance recommends contacting us ahead of time to arrange your pre-approved finance. This type of finance follows the same application processes as with loans applied for after the purchase decision except the loan is approved for a dollar value rather than based on an invoice from the supplier.
The process for applying for pre-approved equipment finance is simple and prompt through Jade:-
- Contact Jade via phone or online to request a quote or apply immediately.
- Your Jade consultant sources you a quote from across our vast lending panel. Quotes are accessed quickly so we can work to your timeframe.
- When you accept our quote, we proceed to process your application to approval stage.
- Once approved, you can confidently head to the equipment sale event ready to buy.
- When you make your purchase, the supplier may request a deposit to hold the item while the lender finalises payment. Usually, this type of holding deposit can be refunded back to you when our lender finalises the invoice with the seller.
Jade Equipment Finance provides loans for a very vast range of business equipment. We cover all industries and many individual types of equipment, subject to lender guidelines.
- Construction, building and mining equipment
- health and medical equipment finance
- Beauty services and hairdressing equipment
- Gym and fitness business equipment
- Trades tools and equipment
- General business machinery and equipment such as IT, comms, security equipment
- Manufacturing, processing machinery & industrial finance
- Engineering machinery
And many many more! When discussing your equipment and machinery finance with your Jade consultant don’t forget to discuss including the costs of delivery, installation and commissioning of the equipment. These are added expenses which in some cases can be significant. Having them included in your loan can free up your cash for other purposes.
Pre-Approved Loan Types
Pre-approved finance is available across our full selection of business finance, including:-
For the full details of each of these finance products, head to our specific web pages or give us a call so our consultants can explain each to you. If you are planning to realise the benefits of IAWO or temporary full expensing with your purchase, then Chattel Mortgage is the most appropriate form of finance. The name, Chattel Mortgage, may sound odd but be assured it is a very straightforward form of finance and one of the most commonly used for business equipment acquisitions. Several banks refer to this simply as Equipment Loan.
With all Jade Equipment Finance deals, we ensure our cheap interest rates which are negotiated individually for each business. All elements of the loan – loan term, repayments and balloon – are fixed, so you can plan your cash flow through the term of the loan.
If you want to head into 2021 with new machinery or equipment – new trade tools, upgraded business set-up, machinery to embark on venturing into new markets – then sale time could be the time to make it all happen.
To discuss pre-approved finance, contact Jade Equipment Finance on 1300 000 003
DISCLAIMER: READERS ARE ADVISED THAT THIS INFORMATION AS PRESENTED IN THIS ARTICLE IS INTENDED FOR GENERAL INFORMATION PURPOSES AND NOT AS FINANCIAL ADVICE. PEOPLE NEEDING FINANCIAL ADVICE ARE RECOMMENDED TO CONSULT WITH A FINANCIAL ADVISOR TO ASSIST IN REGARD TO THEIR INDIVIDUAL CIRCUMSTANCES. INFORMATION AND CONTENT IN THIS ARTICLE MAY HAVE BEEN SOURCED FROM A RANGE OF PUBLICATIONS AND INFORMATION RESOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS, OR MISINTERPRETATION OF OTHER ISSUES AROUND THE PRESENTATION.